...............If for argument sake if it is accepted that nationalized policy was a failure, then denationalization of industries were much failure. In ZAB’s time the natiolized institutions remained for only five years, Zia-ul-Haq denationalized all the industries and banks. If 30 years turn around could not result in any tangible benefits to masses why blame ZAB for his five years of nationalization?
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Feela bro!
Your argument is very clever and shows your debating skills. However debating in favor of socialism will get you nowhere. The whole world knows now that socialism has been an utter failure.
Free market is not getting a good report card lately. But if one looks at longer term trends, modern free market has survived for 200 years and it has come out way ahead. No wonder two biggest socialist countries China and India have ditched their past policies and moved on.
As far as Russians are concerned, if not for oil, their economic-lives would be lower than Somalians.
Coming back to Pakistan, Bhutto killed the goose and took the few remaining golden eggs out. That's the only reason his period may look OK.
ZAB is not the only one to blame though. His socialist cronies, and future aulads of socialists all conspired to kill Pakistan's economic golden goose.
However the goose is dead now. It is really hard to find Pakistani businessmen are willing to commit to long term projects that span 25-50 years out.
The trauma of lynching (economically) of 22 families will remain with Pakistan for decades (if not centuries) to come. Our industrial class was very young so it could not survive the socialist axe.
There was a brief glimmer of hope during Nawaz Sharif's first term. Even though he wasn't able to convince the local businessmen but he was successful in foreign (especially Sahih Korean) companies to investments in the long term projects like Motorways etc. However Bhutto's daughter killed that goose too.
Thus your comparison of ZAB and Zia is at best myopic. Economies must be seen in the longer term trends. And in the longer trends, only Westward relationship will guarantee Pakistan's economic survival. Russians are economically unhelpful for Pakistan (to say the least).